Thinking of waving goodbye to your tax residency in Peru? Whether you're relocating for a new opportunity or seeking a fresh start, it's essential to understand the process involved in ceasing your tax residency. Follow this step-by-step guide to ensure you meet all the legal requirements.
Step 1: Determine Eligibility
Before initiating the process, confirm that you meet the criteria for ceasing tax residency. According to Peruvian tax law, you must have resided outside Peru for at least 183 days within a 12-month period.
Step 2: Notify SUNAT
Submit an official notification to the National Superintendence of Customs and Tax Administration (SUNAT) expressing your intention to cease tax residency. This should include a formal letter and supporting documentation such as proof of residence in another country.
Step 3: Settle Outstanding Taxes
Ensure that all your tax obligations in Peru are settled before you cease your residency. This includes paying any outstanding taxes, fines, or penalties. Obtain a tax clearance certificate from SUNAT to confirm that your tax affairs are in order.
Step 4: Update Personal Information
Update your personal information with relevant Peruvian authorities. Notify the National Registry of Identification and Civil Status (RENIEC) about your change of residence and provide them with your new address abroad.
Step 5: Close Peruvian Bank Accounts
If you have any bank accounts in Peru, consider closing them or updating your residency status with your bank. This is to ensure that your financial activities are correctly reported and that you do not incur unnecessary tax liabilities.
Step 6: Review Double Taxation Agreements
Review any double taxation agreements that Peru has with your new country of residence. These agreements can help you avoid being taxed twice on the same income. Ensure you understand how these agreements affect your tax obligations.
Legal References
- Ley del Impuesto a la Renta, Artículo 7
- Código Tributario, Artículo 88
- Reglamento de la Ley del Impuesto a la Renta, Artículo 4
Useful Links
